Dai (DAI)

 75% - 2 reviews
Builders of Dai, a digital currency that can be used by anyone, anywhere, anytime. Do not send money to accounts impersonating Maker.   
Category: Coin/Token
$ 1.00
$ 78.3 M
$ 897.5 M

eToro mobile Banner

Sort by: Latest / Earliest / Upvotes / Downvotes

avatar Vodietsche 34 rated:

Vodietsche posted on August 26, 2020 14:09:24

It's a nice take on a stable coin with more decentralization than the few stable coins offered by centralized entities. The collateralized debt system offers some risk but there is less to no regulatory risk, a good trade-off IMO but you should judge whether that's true for yourself. There is still continuous issues with maintaining the 1$ peg, not great. The token is worth slightly more most

avatar Crypto Anonymous 224 rated:

Crypto Anonymous posted on June 13, 2019 23:03:08

The ERC20 token stable coin that is governed by the Maker DAO project, the Maker token is the coin used for governance of the stable price of DAI against the dollar. 1 DAI is supposed to be worth $1 without the backing of actual dollars. Backing is achieved with the staking of Ethereum in smart contracts through a complicated process that involves some kind of arbitrage. Very successful project as

eToro Banner

Join the CryptoCanary Flock

Get a weekly update on the best and worst projects right in your inbox.